Summary

Portrait of Wiley Rutledge Wiley Rutledge,  Guaranty Trust Company v. York…

“ If any characteristic of equity jurisprudence has descended unbrokenly from and within 'the traditional scope of equity as historically evolved in the English Court of Chancery,' it is that statutes of limitations, often in terms applying only to actions at law, have never been deemed to be rigidly applicable as absolute barriers to suits in equity as they are to actions at law. [4] That tradition, it would seem, should be regarded as having been incorporated in the various Acts of Congress which have conferred equity jurisdiction upon the federal courts. ”
Source: Wikisource

Portrait of Wiley Rutledge Wiley Rutledge,  Guaranty Trust Company v. York…

“ Applicable statutes of limitations in state tribunals are not always the ones which would apply if suit were instituted in the courts of the state which creates the substantive rights for which enforcement is sought. The state of the forum is free to apply its own period of limitations, regardless of whether the state originating the right has barred suit upon it. [9] Whether or not the action will be held to be barred depends therefore not upon the law of the state which creates the substantive right, but upon the law of the state where suit may be brought. ”
Source: Wikisource

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